Transferring stocks and securities that have gone up in value since you bought them is an excellent way to make a gift to KGNU Community Radio. In most cases you will be entitled to an income tax charitable deduction for the full fair market value of the securities on the date of the gift and will not have to report capital gains income.
The easiest way to make this type of gift is to have your broker electronically transfer the stock from your account to KGNU’s account with Waddell & Reed, Inc.
Broker: Waddell & Reed, Inc.
Account Name: Boulder Community Broadcast Association, doing business as KGNU Community Radio
Account Number: JWA153717
KGNU Federal Tax ID#: 84-0690097
Once you have made a gift of stock, please notify our Development Department at 303-449-4885 or Sarah@kgnu.org. This will help KGNU to offer proper recognition and to process a tax-receipt for your gift.
Please be sure to provide your name and address. This is necessary because electronic transfers of stock are not made in the name of the owner (you), but in the name of the financial firm. KGNU is only able to provide you with a receipt of your gift if you notify us.
KGNU Community Radio does not offer tax advice. Please consult your financial advisor, broker or attorney to determine tax deductions.